Microsoft vs monday.com: Revenue, Profit and Business Model
Microsoft had $331.8B of annual revenue in FY2026 and $133.7B of net income. monday.com had $1.2B of annual revenue in FY2025 and $233.6M of net income.
Latest financial snapshot
Microsoft
- Latest annual revenue
- $331.8B (FY2026)
- Net income
- $133.7B
- Net margin
- 40.3%
- Revenue growth
- +14.7% a year, FY2017–FY2026
monday.com
- Latest annual revenue
- $1.2B (FY2025)
- Net income
- $233.6M
- Net margin
- 19.0%
- Revenue growth
- +58.4% a year, FY2019–FY2025
Financial summary
Microsoft
Microsoft's FY2026 revenue rose 17.8% to $331.8 billion, operating income rose 21% to $155.2 billion, and GAAP net income rose 31% to $133.7 billion. Fourth-quarter revenue was $90.0 billion (up 18%) with net income of $35.8 billion, helped by a $3.2 billion gain on its Anthropic investment. Microsoft Cloud revenue reached $59.3 billion in Q4, up 27%. The main pressure point is capital intensity: AI data center spending has pushed free cash flow growth well below earnings growth. Microsoft crossed the $3 trillion market valuation threshold in 2024, driven by its leadership in cloud computing and artificial intelligence.
monday.com
monday.com's revenue grew from $78.1 million in 2019 to $972.0 million in 2024 and $1.232 billion in 2025 (+27%). The company moved from a $136.9 million net loss in 2022 to GAAP profit in 2024 ($32.4 million) and reported 2025 net income of $233.6 million, which included a $61.2 million non-cash tax benefit. Adjusted free cash flow reached $322.7 million in 2025 (26% margin), and the company ended the year with about $1.5 billion in cash. Growth slowed to 22% in Q2 2026 ($364.6 million revenue), while non-GAAP operating margin improved to 17%. Heavy performance-marketing spend has historically been the largest cost line, and softer self-serve demand drove a steep share-price decline in 2026.
Revenue and profit by year
Microsoft
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 | $331.8B | $133.7B | 40.3% | +17.8% | Source |
| FY2025 | $281.7B | $101.8B | 36.1% | +14.9% | Source |
| FY2024 | $245.1B | $88.1B | 36.0% | +15.7% | Source |
| FY2023 | $211.9B | $72.4B | 34.1% | +6.9% | Source |
| FY2022 | $198.3B | $72.7B | 36.7% | +18.0% | Source |
| FY2021 | $168.1B | $61.3B | 36.5% | +17.5% | Source |
| FY2020 | $143B | $44.3B | 31.0% | +13.6% | Source |
| FY2019 | $125.8B | $39.2B | 31.2% | +14.0% | Source |
| FY2018 | $110.4B | $16.6B | 15.0% | +14.3% | Source |
| FY2017 | $96.6B | $25.5B | 26.4% | — | Source |
monday.com
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | $1.2B | $233.6M | 19.0% | +26.7% | Source |
| FY2024 | $972M | $32.4M | 3.3% | +33.2% | Source |
| FY2023 | $729.7M | -$1.9M | -0.3% | +40.6% | Source |
| FY2022 | $519M | -$136.9M | -26.4% | +68.4% | Source |
| FY2021 | $308.1M | -$129.3M | -42.0% | +91.3% | Source |
| FY2020 | $161.1M | -$152.2M | -94.5% | +106.3% | Source |
| FY2019 | $78.1M | -$91.6M | -117.3% | — | Source |
Where the revenue comes from
Microsoft
- Productivity And Business ProcessesMajor
Office, Microsoft 365, LinkedIn, Dynamics, and related cloud services.
- Intelligent CloudMajor
Azure, server products, enterprise services, and cloud infrastructure.
- More Personal ComputingMajor
Windows, devices, gaming, search, and advertising.
- AI Services And CopilotsGrowth
AI features and model-powered services embedded across Azure, Microsoft 365, GitHub, security, and developer tools.
monday.com
- monday Work Management Subscriptions
Not disclosed
Per-seat recurring subscriptions for cross-functional project tracking and workflow automation.
- monday CRM Subscriptions
Not disclosed
Dedicated sales pipeline management, lead scoring, and automated customer tracking tiers.
- monday dev Subscriptions
Not disclosed
Specialized agile software development roadmapping, sprint planning, and GitHub sync tiers.
- monday Service & WorkCanvas
Not disclosed
ITSM service desk subscriptions and collaborative infinite-canvas digital whiteboards.
Business model and strategy
Microsoft
How it makes money
Microsoft reports three segments. Intelligent Cloud covers Azure, SQL Server, Windows Server, GitHub, Nuance, and enterprise services; server products and cloud services alone brought in $129.4 billion in FY2026, and Azure passed $100 billion in annual revenue for the first time.
Growth strategy
Microsoft's growth plan centers on AI capacity and AI subscriptions. It is spending heavily on data centers and chips to meet Azure demand that management says remains capacity constrained, and it is selling Microsoft 365 Copilot as a paid add-on, which passed 30 million paid seats by the end of FY2026.
Competitive advantage
Microsoft's main advantage is distribution inside enterprises. Identity (Entra), email and documents (Microsoft 365), collaboration (Teams), developer tools (GitHub, Visual Studio), and cloud infrastructure (Azure) are often bought together, which raises switching costs and lets Microsoft attach new products such as Copilot to existing contracts.
monday.com
How it makes money
monday.com sells software by subscription, priced per user per month. The core product is a board, a grid of columns and rows that a team can configure as a CRM for sales, an editorial calendar for marketing or a bug tracker for engineering. Because many teams in a company end up running their daily work on it, the revenue is recurring and customers tend to stay.
Growth strategy
Having built its base among small and medium-sized businesses, monday.com is moving into large enterprises and specialized products. It is adding the security and compliance features that corporate IT departments require. It has also launched ready-made products, monday sales CRM and monday dev, to compete directly with established tools such as Salesforce and Jira, rather than selling only blank boards.
Competitive advantage
monday.com's advantage is flexibility without code and an interface people like using. Traditional software makes a company change its workflow to fit the tool; monday.com lets users change the tool to fit the workflow. The interface is colorful and playful, with touches such as confetti when a task is completed, which helps adoption. Wide adoption inside a company raises the cost of switching.
Questions about Microsoft vs monday.com
Which company has higher revenue — Microsoft Corporation or monday.com?
Microsoft Corporation had $331.8B (FY2026), while monday.com had $1.2B (FY2025). By latest annual revenue, Microsoft Corporation is the larger business, with monday.com showing a smaller revenue base. Note: these are from different fiscal years and are not a direct like-for-like comparison.
What is the market cap of Microsoft Corporation vs monday.com?
Microsoft Corporation's market capitalisation stands at $3.83T, while monday.com's is $3.6B. Microsoft Corporation carries the higher market valuation, reflecting investors' expectations of its future earnings power relative to monday.com.
How does revenue per employee compare for Microsoft Corporation and monday.com?
Microsoft Corporation has $1.49M / employee in revenue per employee, while monday.com has $390k / employee. Headcounts may use different dates, so the ratio alone does not establish which business operates more efficiently.
How do Microsoft Corporation and monday.com make money?
Microsoft Corporation and monday.com generate revenue in fundamentally different ways. Microsoft Corporation: Microsoft reports three segments. monday.com: monday.com sells software by subscription, priced per user per month.
Which company is valued higher relative to revenue — Microsoft Corporation or monday.com?
On a price-to-sales (P/S) basis, Microsoft Corporation trades at 11.5x P/S and monday.com at 2.9x P/S. Microsoft Corporation commands a higher revenue multiple, typically indicating that investors expect faster growth or higher future margins compared to monday.com. A higher multiple is not inherently better — it may also signal that the stock is priced for perfection.
Is Microsoft Corporation bigger than monday.com?
By last reported revenue, Microsoft Corporation ($331.8B (FY2026)) is the larger company compared to monday.com ($1.2B (FY2025)). Revenue scale is one dimension of size — market capitalisation, employee count, and geographic reach are also relevant depending on the context.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Microsoft vs monday.com overview